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Forex pairs in this Article » USD/JPY
FXStreet (Guatemala) - USD/JPY had recovered from the 100.75 area seen last week but ran out of momentum in the 102.70’s, falling back to 101.68. The pair now trades on the 102 handle.

USD/JPY has since found bids and it seems as though a large order and trailing stops have been triggered in the run up back towards the 102 handle. Strategists at Brown Brothers Harriman explained, “In the past four sessions, the dollar stalled in front of the JPY102.80 area, which is a technical retracement target and close to the 20-day moving average that is seen near JPY102.65. Although US shares recovered yesterday, the Nikkei lost 1.8% and S&P futures are off almost 0.5%. US Treasury yields are lower. The US dollar sees support in the JPY101.50-70 band … we suspect that the dollar's low is in place or nearly so”.

USD/JPY Levels

The 20 DMA is 102.78, the 50 DMA is 103.46 and the 200 DMA is 100.16. RSI (14) reads 49.28. Supports are ascending from 101.25, 101.40, 101.77, 101.90. Spot is 102.111 while resistances are 102.41, 102.77, 102.94 and 103.45.
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